Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Consider these smart strategies to lower your tax bill for 2022

Prathanchorruangsak | istock | Getty Images Tax withholding review First, you want to review how much money is withheld from your paycheck for federal taxes. Withholding too few taxes could result in a tax bill or a fine. If a lot of taxes are withheld, you can get your money back. You should check your … Read more

Stocks are sinking and rates are rising. It hurts, but we’re heading back to normal.

stocks and bonds stumble. housing weakened. And I haven’t heard a word about nonfungible cartoon monkey icons Maybe in three months. Strategists are now turning to really exotic assets – two I spoke with last week recommended buying long-term Treasurys. Someone also said that he prefers stocks of companies that are generating cash, and was … Read more

pairing? How do you know when it’s time to combine your money

Spanish | E + | Getty Images Money may not be your top priority if you’re in love, but it does deserve some serious attention if you want a lasting relationship. A partnership that pools resources and shares expenses can be very good for the relationship and for each other’s financial well-being. However, different spending … Read more

You’re supposed to follow the 3 common money rules – but there’s the truth of life

20% off when buying a home. Do not spend more than 30% of your income on housing costs. Keep childcare expenses under 10% of your family’s annual income. Basic money rules can be useful buffers, helping you customize spending and decide what’s on hand. She can also be incredibly subdued when she feels unattainable. If … Read more

What married couples should know

shape | E + | Getty Images When the income ceiling may confuse married couples However, there may be some ambiguous situations for married couples based on their income. For example, suppose one spouse earns $150,000 while the other spouse earns $60,000. They qualify for forgiveness based on their combined income of $210,000. However, the … Read more

Will the economy get worse? Consider raising your credit limit beforehand.

Relying on a line of credit in a fragile economy is the equivalent of expecting a weak bridge to weather the storm and keeping you alive. It is not uncommon Credit card Issuers to reduce their risk by lowering credit limits or closing accounts when there is a possibility of economic distress. Credit card issuers … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

Seniors are just a month away from an important Social Security announcement | Smart Change: Personal Finance

(Christy Pepper) In mid-October, retirees will get some important news from the Social Security Administration. It’s news that many people have been waiting for, and it will have a profound impact on the finances of seniors across the country. The cost of living adjustment for Social Security will be announced soon So, what’s the big … Read more

Things You Didn’t Know You Can Do With a Personal Loan

personal loans They are installment loans with fixed monthly installments. While it usually requires you to have good credit score To qualify, they can be a great option for consumers who need some flexibility when it comes to how they spend their money. Personal loans also tend to have lower annual percentage rates, or APRs, … Read more